Bitmama Completes Pre-Seed Financing Round with EMURGO Africa and Everest Ventures Group through Adaverse

According to reports, the Web3 payment platform Bitmama has announced the completion of a pre feed round of financing, with the specific amount of financing not yet disclosed. The venture incubator accelerator Adaverse, jointly established by EMURGO Africa and Everest Ventures Group, will participate in the investment. Bitmama provides a convenient channel for cryptocurrency transactions. Originally a WhatsApp community for peer-to-peer cryptocurrency transactions, it has now developed into a Web3 platform with a full range of products, including multi-currency digital wallets, peer-to-peer cryptocurrency transactions, wallet to wallet global transfers, stable currency remittances, encrypted debit cards, and more. （techpoint）

Web3 payment platform Bitmama completes pre feed round financing

Bitmama, the Web3 payment platform that offers a hassle-free and convenient way for cryptocurrency transactions, has recently announced the completion of a pre-seed round of financing. While the specific amount of financing is yet to be disclosed, Bitmama has successfully gained investors from venture incubator accelerator Adaverse, jointly established by EMURGO Africa and Everest Ventures Group.

Bitmama: The Convenient Platform for Cryptocurrency Transactions

The Backstory of Bitmama

The Bitmama platform began as a WhatsApp community for peer-to-peer cryptocurrency transactions. In time, it has progressed into a full-fledged Web3 platform, offering an extensive range of products that include multi-currency digital wallets, global transfers, stable currency remittances, encrypted debit cards, and more.

EMURGO Africa and Everest Ventures Group: Joint Partners in Adaverse

Venture incubator accelerator Adaverse is a result of the partnership between EMURGO Africa and Everest Ventures Group. EMURGO Africa is the sister company of EMURGO, a global emerging technologies company that aims to deliver decentralized solutions for businesses and individuals.
Everest Ventures Group, on the other hand, is a venture capital fund that focuses on early-stage investments in frontier technologies. The EMURGO Africa and Everest Ventures Group partnership aims to address the financing gap through increased access to capital for early-stage startups.

Future Developments for Bitmama and Web3

The completion of the pre-seed financing round opens up significant opportunities for Bitmama, positioning the platform to further develop and expand its offerings. As more individuals embrace the potential of cryptocurrencies, there is no doubt that platforms like Bitmama will play an essential role in the Web3 landscape.
With the support of EMURGO Africa and Everest Ventures Group through Adaverse, Bitmama is poised to take significant steps to cater to the ever-expanding needs of its growing user base.

Conclusion

The success of the pre-seed financing round on the Bitmama platform heralds a promising future, not just for the platform but for the entire Web3 ecosystem. It reinforces the growing appetite for innovative solutions in the cryptocurrency space, and we can undoubtedly expect to see more developments as the industry continues to mature.

FAQs

1. What is Bitmama, and what services does it offer?
Bitmama is a Web3 payment platform that provides a hassle-free and convenient way for cryptocurrency transactions. The platform started as a WhatsApp community for peer-to-peer cryptocurrency transactions and has progressed into a full-fledged Web3 platform that offers a range of products.
2. Who are the investors in the recent pre-seed financing round for Bitmama?
Bitmama was successful in securing investors from Adaverse, a venture incubator accelerator established by EMURGO Africa and Everest Ventures Group.
3. What does the future hold for Bitmama, and how does it contribute to the Web3 ecosystem?
With the support of EMURGO Africa and Everest Ventures Group through Adaverse, Bitmama is in a prime position to develop and expand its range of products to cater to the growing user base. As more individuals recognize the potential of cryptocurrencies, Bitmama and similar Web3 platforms will play a significant role in the cryptocurrency landscape.